By otakuyassine3@gmail.com 
Lauterbach Financial Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,572 shares of the financial services provider’s stock after selling 486 shares during the quarter. JPMorgan Chase & Co. accounts for 4.2% of Lauterbach Financial Advisors LLC’s holdings, making the stock its 7th largest position. Lauterbach Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,849,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in JPMorgan Chase & Co. by 3.2% in the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after purchasing an additional 182,648 shares during the last quarter. United Bank increased its position in JPMorgan Chase & Co. by 2.5% in the third quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after purchasing an additional 614 shares during the last quarter. ROI Financial Advisors LLC increased its position in JPMorgan Chase & Co. by 10.5% in the third quarter. ROI Financial Advisors LLC now owns 6,227 shares of the financial services provider’s stock worth $1,313,000 after purchasing an additional 591 shares during the last quarter. BCM Advisors LLC increased its position in JPMorgan Chase & Co. by 382.1% in the third quarter. BCM Advisors LLC now owns 6,099 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 4,834 shares during the last quarter. Finally, Summit Asset Management LLC increased its position in JPMorgan Chase & Co. by 15.5% in the third quarter. Summit Asset Management LLC now owns 8,958 shares of the financial services provider’s stock worth $1,889,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.
Wall Street Analyst Weigh In
JPM has been the topic of several research reports. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.89.
Get Our Latest Research Report on JPMorgan Chase & Co.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now directly owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock worth $12,448,445 in the last three months. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.5 %
Shares of JPMorgan Chase & Co. stock opened at $235.00 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The firm’s 50-day moving average is $257.99 and its two-hundred day moving average is $239.11. The stock has a market cap of $657.08 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 2.83 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the business earned $3.04 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.38%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
Further Reading
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.